On December 18, 2015, NN Group announced that it had completed the sale of its wholly owned private equity management subsidiary, Parcom Capital Management, to its directors.
In connection with the sale, NN Group will also participate as a cornerstone investor in a new private equity fund to be managed by Parcom Capital Management (“Parcom”). NN Group will continue to hold its investments in the existing Parcom funds which will continue to be managed by Parcom Capital Management.
NN Group is an international insurance and asset management company with around 11,500 employees. NN Group offers retirement services, insurance, investment, and banking to more than 15 million customers.
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